Marketing content

Why invest in Neuro Event Labs?

01

Addressing a major epilepsy care gap

Epilepsy affects over 65 million people and many seizures are still missed, as care depends on short hospital stays and unreliable seizure diaries.

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02

Clinically validated, non-contact AI monitoring

The solution (Nelli) uses a simple camera to detect seizures without any devices on the patient’s body. It is approved for medical use in Europe (CE), cleared by the US Food and Drug Administration (FDA).

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03

Asset-light, partner-driven SaaS model

Delivered via existing cameras and cloud, Nelli is sold as SaaS through Nelli Research, Nelli @hospital and Nelli @home with established hospital, pharma and home-monitoring partners.

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04

Early revenues and growing traction

Neuro Event Labs generated around €1,200,000 in revenue in 2025 and €6.500.000 in lifetime revenue from research contracts and early hospital and home use, with growth expected as more partners and sites onboard.

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05

Backed by experienced healthcare investors

Since 2018, Neuro Event Labs has raised about €12,200,000 from investors like Hadean Ventures, Maki.vc, SHS Capital and the EIC Fund. For this round, there are €500,000 in anchor commitments led by life science investor Hadean Ventures.

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06

Clear impact

In addition to recent FDA clearance, Nelli has secured a sizeable CMS reimbursement decision, effective 1 October, 2026, providing additional payment to US hospitals using the solution. This supports hospital adoption and marks an important step in scaling Neuro Event Labs’ solution across the US, helping more patients access proper seizure monitoring.

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Equity investment case

Clinically validated MedTech entering a commercial scaling phase

Neuro Event Labs has validated Nelli and secured key clearances in Europe and the US. This €15,000,000 pre-money equity round gives investors exposure as the platform is scaled across hospitals and home monitoring markets.

Important notice: Your investment made under the Regulation (EU) 2020/1503 of the European Parliament and of the Council is not protected by the deposit guarantee schemes established under Directive 2014/49/EU (Deposit Guarantee Schemes Directive). Your investment is also not protected by the investor compensation schemes established under Directive 97/9/EC (Investor Compensation Schemes Directive).

Martijn Wallert, Commercial Director & CEO

“Epilepsy care, especially in the US, still relies on short hospital stays and incomplete seizure information. Over the past years, we have done the hard work first: building our seizure‑monitoring system, proving it in everyday clinical use and securing approval in the US as well as CE marking in Europe. We are now raising equity to scale in the US, while continuing to grow in Europe, so that many more patients can benefit from better insight into their seizures.” 

Martijn Wallert, Commercial Director & CEO

Investment information

Days to invest:
25
Investing round ends:
21/09/2026
Type:
Equity offering
Invested so far:
€400,012.56
Equity offered:
6.25 – 11.77 %
Price per share:
€19.62
min investment 20 shares
Transaction costs:
1.50 %
Number of existing shares:
627,252
Fully diluted shares:
764,497
Pre-money valuation:
€15,000,000.00
Maximum issue size:
€2,001,240
Offered units:
102,000
Broker:
Oneplanetcrowd International B.V
License:
ECSPR

About Neuro Event Labs

Neuro Event Labs: problem, solution and market

Problem

Epilepsy care still misses many seizures

Epilepsy affects over 65 million people worldwide, with around 5 million new cases each year. About 30% of patients live with treatment‑resistant seizures.

In many hospitals, the diagnostic process is still based on:

  • Short epilepsy monitoring unit stays
  • Expensive and labor-intensive manual review of acute and diagnostic outcomes
  • Seizure diaries that often miss night‑time and at‑home events

This means doctors often have to make important treatment decisions with incomplete information, especially for patients whose seizures happen mainly at night or outside the hospital.


Solution

Nelli: AI-powered, contact-free seizure monitoring

Neuro Event Labs addresses this problem with Nelli, an AI-based, contact-free seizure monitoring system. It uses a simple camera and microphone in the patient’s room to detect and classify motor seizures & differentiate them of other neurological events without any device on the patient’s body. The software turns video and sound into clear seizure reports that doctors can use, and it works alongside existing Epilepsy Monitoring Unit systems and seizure diaries.

Nelli is approved for medical use in Europe (CE, Class IIa) and cleared by the US Food and Drug Administration (FDA) for hospital use. It has already been used with more than 7,000 patients in over 60 hospitals, showing that the technology works in everyday clinical practice. Clinical & healthcare economic benefits are substantial and published in peer-reviewed articles. As a result of technology validation and early commercialization, we have collected over 1,000,000 hours of clinically annotated and feature rich dataset for future use in further validation of different neuro and cognitive indications.


Business model

Business model: asset-light B2B SaaS

Neuro Event Labs is a Finnish MedTech company founded in 2016 and based in Tampere. Since 2018, the company has raised about €12,200,000 from specialist life science investors and the EIC Fund.

The business model is asset‑light and B2B SaaS, built around three main use cases:

  • Nelli Research for epilepsy‑related clinical trials with pharma and device companies
  • Nelli @hospital with an installation fee and recurring fee per monitoring session
  • Nelli @home billed per patient through home‑monitoring service

Instead of building a large direct sales force, Neuro Event Labs works with established hospital, EEG and home‑monitoring partners who already have strong customer relationships. This helps the company grow internationally in a scalable way and makes it a natural fit for potential future strategic acquirers.


Competitors

Competitive position and market

Current alternatives include short hospital-based epilepsy monitoring unit stays, manual seizure diaries, and various wearable devices. While these approaches can be helpful, they generally do not provide long-term, automated, contact-free monitoring across all clinically relevant seizure types and neurological events, with a medical device cleared for use in both Europe and the US.

Neuro Event Labs stands out because it has:

  • A large, clinically validated dataset built over several years with patented technology
  • Key regulatory clearances already in place in Europe and the US
  • Deep integrations with specialist hospital, EEG and home‑monitoring partners
  • Extensive real-world evidence about clinical and health economic benefits when using Nelli in clinical practice

Together, these factors make the solution hard to copy quickly and support Neuro Event Labs as it grows in the global epilepsy market.


Impact

Impact and SDG contribution

Neuro Event Labs’ main impact comes from improving how epilepsy is monitored and treated. The system allows continuous, contact‑free seizure monitoring in hospitals and at home, so doctors can base decisions on real seizure data instead of short hospital stays and incomplete diaries.

This supports SDG 3 – Good Health and Well‑Being by giving neurologists a clearer picture of how often seizures happen and how severe they are, and it can also provide better seizure data for clinical trials. It supports SDG 10 – Reduced Inequalities by making specialist epilepsy monitoring easier to access for people who live far from major centres, cannot stay in hospital for long periods or cannot use wearables.

Management

Neuro Event Labs is led by a team with long experience in MedTech, software and epilepsy care, supported by an active board of industry and investor representatives. The team combines commercial, technical and clinical experience, which is important for scaling a regulated MedTech solution in Europe and the US.

Martijn Wallert, Commercial Director & CEO

Martijn Wallert

Commercial Director & CEO

Over 15 years in clinical research and digital health. Former CEO of Julius Clinical. Leads global commercial strategy, partnerships and US expansion.

Kaapo Annala,  Co‑founder & Managing Director, COO

Kaapo Annala

Co‑founder & Managing Director, COO

More than 20 years in high‑tech software and product roles at companies such as Microsoft and Nokia. Oversees operations and product strategy.

Prof. Jukka Peltola,  Co‑founder & Medical Director

Prof. Jukka Peltola

Co‑founder & Medical Director

Professor of Neurology and Chief Physician at Tampere University Hospital. Over 25 years in epilepsy care and more than 170 scientific publications. Ensures clinical relevance and adoption.

Andrew Knight,  Co‑founder & & CTO

Andrew Knight

Co‑founder & & CTO

20+ years in technology & software development, with experience across web, mobile, embedded medical devices and AI. MSc in Computer Science.


Board of Directors

Janne Huhtala, Chair of the Board

Janne Huhtala

Chair of the Board

More than 20 years in the MedTech industry, both in large organizations and small/growth companies. Extensive experience in Neuro field from invention to commercialization. VC/PE investor experience in the Nordics.

Pirkka Palomäki , Board Member

Pirkka Palomäki

Board Member

Founding partner at Maki.vc and experienced technology entrepreneur. Supports the company with B2B software and venture building experience.

Georgina Askeland,  Board Member

Georgina Askeland

Board Member

Principal at Hadean Ventures with more than 10 years in the Nordic life science field. Brings early‑stage life science investment and strategy expertise (PhD, MBA).

Theodoor Rutgers,  Board Member

Theodoor Rutgers

Board Member

Investment Partner at Catalyze Capital; Co-founder & Strategy Director at Catalyze Group; 15+ years advising innovative startups.

Company structure

Neuro Event Labs Oy is a Finnish company with two wholly owned subsidiaries in the United States and the United Kingdom. Investors in this equity round invest in Neuro Event Labs Oy, the parent company of the group.

Parent company

Neuro Event Labs Oy

Finland

United States

Wholly owned US subsidiary

Focus on US market entry and commercial activities.

United Kingdom

Wholly owned UK subsidiary

Supports partnerships and operations in the UK and Europe.

The US and UK subsidiaries allow Neuro Event Labs to operate locally in key markets, while Neuro Event Labs Oy remains the main legal and financial entity. The financial figures in this pitch are based on Neuro Event Labs Oy and include revenue from the subsidiaries. New investors receive shares in Neuro Event Labs Oy with the same economic and governance rights as existing institutional investors under the company’s minimum shareholders’ agreement (minSHA).

Distribution of company shares

The shareholder base of Neuro Event Labs consists mainly of specialist life science venture funds, the EU’s EIC Fund and an employee option pool for founders and key team members. Hadean Ventures is the largest owner through two funds, with the EIC Fund and Maki.vc also holding significant stakes.

Shareholder base overview

This mix of experienced venture investors, the EIC Fund and an employee option pool provides a professional ownership base and aligns long-term interests between investors, founders and key staff.

# Shareholder Type Ownership
1 Hadean Capital I AS
Fund managed by Hadean Ventures
Institutional venture capital 28.7%
2 ESOP (Employee Stock Option Plan)
Includes founders and key employees
ESOP / management & staff 18.0%
3 Hventures Capital AB
Fund managed by Hadean Ventures
Institutional venture capital 13.0%
4 EIC Fund EU innovation fund 12.5%
5 Maki.VC Fund I Ky Institutional venture capital 10.0%
Other shareholders
Includes additional investors, each holding less than 10% of the shares.
Other investors 17.8%
Total 100.0%

*Percentages are shown before the current equity round.*

Use of funds/funding scenarios

The final use of funds depends on how much is raised in this round. The table below shows three scenarios based on different levels of Invesdor participation alongside the anchor investors, who together have committed €500,000. The total round is planned between €1,000,000 and €2,000,000, of which €500,000–€1,500,000 is expected to come through Invesdor.

In all scenarios, the funds will be used to scale the seizure‑monitoring system in Europe, prepare and launch it in the US home market, further improve the AI detection capabilities and integrate the product more deeply into partner hospital and monitoring systems.

Minimum scenario

Scenario I: approx. €1,000,000

Minimum total funding with full anchor commitment and minimum Invesdor participation.

Invesdor investors €500,000
Anchor investors €500,000
Total funding ≈ €1,000,000

Indicative use of funds

  • 50% growth in home monitoring customer base and revenue in UK and Nordic countries in 12 months
  • Initiate 1-3 large (ph2/ph3) research projects in US, EU and AUS
  • Fund core work to commercialize Nelli in 3-5 US hospitals, leveraging recently achieved FDA clearance and reimbursement.

Medium scenario

Scenario II: approx. €1,500,000

Higher Invesdor participation on top of the full anchor commitment.

Invesdor investors €1,000,000
Anchor investors €500,000
Total funding ≈ €1,500,000

Indicative use of funds

  • Fund partnering work in US to introduce Nelli platform integration as part of partner's solution and workflow
  • Regulatory and reimbursement work to commercialize home‑monitoring use by US hospitals
  • Sign and pilot 1-3 partnerships with respected CROs and eDiary companies to accelerate Nelli usage in all relevant epilepsy drug trials

Maximum scenario

Scenario III: approx. €2,000,000

Maximum planned Invesdor participation together with the full anchor commitment.

Invesdor investors €1,500,000
Anchor investors €500,000
Total funding ≈ €2,000,000

Indicative use of funds

  • Accelerate European roll‑out and deepen integrations with key partners.
  • Fully fund US launch activities and further AI and product development for home monitoring.
  • Support German and France (investigate Spain) market entry in 2027
  • Accelerate clinical research and product development to extend indication to sleep and movement disorders

Financial figures & growth

Actual and planned figures

Get an insight into the company's financial figures, such as turnover and earnings development. Learn more about the growth forecast.

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Valuation & Exit

Company valuation

€15 million

The current pre-money valuation of Neuro Event Labs is €15 million on a fully diluted basis, including the existing option pool. It reflects a clinically validated MedTech SaaS company with early revenues and regulatory clearances in Europe and the US.

Pre-money valuation (fully diluted)

€15 million

Last round valuation (post-money, 2024)

~€17.7 million

Neuro Event Labs has raised about €12.2 million since 2018, with valuations increasing from €3.6 million (seed round) to around €17.7 million post-money in 2024. The current valuation of €15 million is therefore slightly below the last round’s post-money level and is in line with data-driven MedTech SaaS companies.


Fundraising history

Since 2018, Neuro Event Labs has raised approximately €12.2 million in equity and convertible financing. These rounds have been used to build the seizure‑monitoring system, collect a large clinical dataset, secure regulatory clearances in Europe and the US, and start commercialisation in research and hospital markets. In addition, the company has received loans from Business Finland and grants from EU programmes such as Horizon 2020.

# Year / round Amount Type Company valuation*
1 2018 – Seed investment
Maki.vc, OmaMedical
€600,000 Equity (seed round) €3,600,000
2 2020 – Series A, phase 1
Maki.vc, SHS, Hadean Ventures
€3,922,904 Equity €13,922,904
3 2022 – Convertible & A round extension
Maki.vc, SHS, Hadean Ventures, EIC Fund
€6,000,000 Convertible + equity extension €15,000,000
4 2024 – Series A, phase 3
Catalyze Capital, Maki.vc, Hadean Ventures, Kuukivi Ventures, Go North Medical, others
€1,661,059 Equity / conversion of notes €17,661,059

The equity and convertible rounds above have funded product development, clinical validation, regulatory work in Europe and the US and the first phase of commercialisation in research and hospital settings.

Neuro Event Labs is planning a next larger funding round around late 2027 to early 2028. That later round is expected to support the company on its path towards break-even after US launch and broader commercial scaling.

Exit scenarios

Neuro Event Labs is building a business that could be attractive to strategic buyers and financial investors once it has scaled in Europe and the US. The company follows a typical MedTech path where exits often happen through acquisitions by larger industry players or specialist healthcare funds.

Most likely route

Sale to a monitoring / EEG company

Neuro Event Labs distributes its seizure‑monitoring system through established EEG and hospital monitoring partners such as Nihon Kohden, Natus, Persyst, Cadwell and others.

For these companies, acquiring a clinically validated, AI‑based monitoring solution could strengthen their own product portfolios and deepen their relationships with epilepsy centres.

Timeline: medium to long term, once scale is reached

Strategic buyer

Sale to an epilepsy device or pharma company

Potential acquirers include epilepsy treatment and device companies such as LivaNova, Medtronic, Boston Scientific, Abbott, Takeda, UCB and Biogen. For these players, better seizure data can support treatment decisions, clinical trials and post‑market follow‑up.

A proven, non‑contact monitoring solution with a large clinical dataset could be a valuable addition to their diagnostics and therapy portfolios.

Timeline: medium term, after broader clinical adoption

Alternative routes

Sale to a financial investor or IPO

Other possible exit routes include a sale to a private equity investor (for example as part of a buy‑and‑build strategy) or, at a later stage, a potential IPO. These options would only become relevant if Neuro Event Labs reaches a larger scale, with recurring revenues and a strong international footprint.

In such a scenario, a financial investor could support further expansion, or the company could consider a listing if market conditions are suitable.

Timeline: dependent on scale and market conditions

What could drive exit value

The most attractive exit scenarios are likely to emerge once Neuro Event Labs has scaled its hospital and home‑monitoring business in Europe and the US, reached higher recurring revenues and deepened its partnerships with monitoring, EEG and epilepsy treatment companies. At that stage, the company can offer potential buyers a combination of a clinically validated product, a large and growing dataset, regulatory clearances in key markets and an asset‑light SaaS model, which are important drivers for exit value in MedTech.

Risks

Risk summary (simplified)

Investments in growth companies always involve risks. You can lose part or all of the money you invest.

The following text is a short and strongly simplified overview of selected risks of an investment in Neuro Event Labs.
It is not complete and does not replace the detailed description of risks in the Key Investment Information Sheet (KIIS).

Before you invest, you must read the KIIS in full and with care and check whether you can understand and bear all of the risks described there.
If there are any differences between this summary and the KIIS, only the KIIS is legally binding.

  • Business, market and management risk
    NEL is still at an early growth stage. Revenues from pharma research projects are volatile because contracts are often agreed project‑by‑project, not on a long‑term basis. Growth in the hospital and home monitoring segments also depends heavily on third‑party distribution partners that NEL cannot fully control. At the same time, a relatively small team is handling product development, regulatory work, clinical studies, sales and a new US market launch in parallel, which can lead to delays and execution errors. Even though the Nelli product already generates revenue and has received an FDA Breakthrough Device Designation, there is still a risk that it will not receive full FDA clearance. Overall, this can significantly reduce revenues and company value and, in the worst case, lead to a total loss of your invested capital.
  • Sector, regulatory, funding and platform risk
    Demand for NEL’s products and services depends on the general market environment, technological developments and other industries that NEL cannot influence. In addition, NEL operates in a highly regulated health and medtech environment; changes in laws or non‑compliance with regulations may result in sanctions and harm the business. NEL may need additional funding to execute its growth plans and might not be able to raise it at all or only on unfavourable terms. There is also a risk that the crowdfunding platform is temporarily or permanently unavailable or ceases operations. This can cause delays in subscriptions, payment processes or repayments due to revocations, even though your contractual rights in principle remain in place.
  • Default, return and liquidity risk
    If NEL cannot implement its growth strategy as planned, fails to win enough contracts or cannot secure further funding, the company may face financial difficulties or insolvency. In such a case, distributions, repayments or a later share sale may be lower than expected, delayed or may not occur at all – up to a complete loss of your invested capital. NEL’s valuation and financial projections are based on assumptions that may prove too optimistic. As a growth‑oriented company, NEL may retain profits instead of paying dividends, so investors may receive no or only limited cash returns. The shares are not listed on a stock exchange, there is no active secondary market and transferability is restricted. You may therefore have to hold your investment for a long time or may only be able to sell at a financial loss.
  • Shareholder, dilution, exit and structural risks
    As a minority shareholder, you have only limited influence on key decisions and NEL’s business strategy; majority shareholders can pass resolutions that negatively affect your investment. Future capital increases may dilute your shareholding if you do not, or cannot, participate in later funding rounds. Any return may depend largely on a future sale of the company or an IPO; there is a risk that such an exit does not occur or happens at a lower valuation than expected. Contractual tag‑along and drag‑along provisions may require you to sell your shares at a time or on terms that do not match your preferences. In addition, NEL’s success depends heavily on its management team and qualified employees; the loss of key personnel or difficulties in hiring and retention can weaken business performance.

A complete and detailed description of all risk factors can be found only in the KIIS in the documents section of this funding round

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Documents

Updates

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